SRIT India IPO is a Mainboard Book Built public issue by SRIT India Limited. The public issue consists entirely of a fresh issue of equity shares, with no Offer for Sale by existing shareholders. The equity shares are proposed to be listed on both the BSE and NSE.
The objective of the fresh issue is to fund capital expenditure requirements for modernization and redevelopment of existing products, meet working capital requirements, and support inorganic growth, strategic initiatives and general corporate purposes. The company proposes to use part of the proceeds for modernization of platforms and technology infrastructure and for additional working capital.
SRIT India Limited is an Information Technology and Information Technology-enabled Services (IT/ITeS) company headquartered in Bengaluru. The company provides digital transformation, system integration, application engineering and technology solutions to government organisations and enterprise clients across India and selected international markets.
The company operates primarily across healthcare, electronic governance, and telecommunications and broadband. Over its operating history, SRIT India has developed and implemented digital platforms for government and enterprise customers. As of September 30, 2025, its outstanding order book stood at ₹1,280.62 crore, while it had executed more than 103 projects during the preceding decade.
Table of Contents
SRIT India IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | SRIT India IPO |
| Company Name | SRIT India Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹123 to ₹130 Per Share |
| Issue Size | ₹218.40 Crore |
| Fresh Issue | ₹218.40 Crore |
| Offer for Sale | Nil |
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| Anchor Investor Bidding | 25 September 2026 |
| Basis of Allotment | 1 October 2026 |
| Refund Initiation | 5 October 2026 |
| Shares Credited to Demat Account | 5 October 2026 |
| Listing Date | 6 October 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 115 Equity Shares |
| Registrar | KFin Technologies Limited |
| Book Running Lead Manager | Choice Capital Advisors Private Limited |
The company plans to utilise the net proceeds from the fresh issue towards modernization and redevelopment of existing products, working capital requirements, and inorganic growth through unidentified acquisitions and other strategic initiatives, along with general corporate purposes.
SRIT India IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 25 September 2026 |
| IPO Opening Date | 28 September 2026 |
| IPO Closing Date | 30 September 2026 |
| Basis of Allotment | 1 October 2026 |
| Refund Initiation | 5 October 2026 |
| Shares Credited to Demat Account | 5 October 2026 |
| Listing Date | 6 October 2026 |
After the allotment process is completed, successful applicants will receive the allotted shares in their demat accounts before the company’s shares begin trading on the stock exchanges.
SRIT India IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category will depend on the number of valid applications received during the IPO subscription period.
SRIT India IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (115 Shares) | ₹14,950 |
| Retail Maximum | 13 Lots (1,495 Shares) | ₹1,94,350 |
| S-HNI Minimum | 14 Lots (1,610 Shares) | ₹2,09,300 |
| S-HNI Maximum | 66 Lots (7,590 Shares) | ₹9,86,700 |
| B-HNI Minimum | 67 Lots (7,705 Shares) | ₹10,01,650 |
The application values shown above are calculated using the upper price band of ₹130 per equity share.
About SRIT India Limited
SRIT India Limited was incorporated in 1999 and operates as an Information Technology and Information Technology-enabled Services company. The company specialises in digital transformation, bespoke application engineering, complex systems integration and management of mission-critical digital platforms.
The company serves government bodies, public sector organisations and private enterprises. Its technology solutions are used across healthcare, electronic governance, telecommunications and broadband, with operations extending across multiple Indian states and selected international markets.
SRIT India has built experience in conceptualising, implementing and administering digital platforms for large organisations. Its projects include healthcare information systems, e-governance platforms, supply management systems, e-prescription platforms, online licensing solutions and technology systems for public-sector organisations.
The company has also established technology and quality credentials, including CMMI Level 5 appraisal and ISO/IEC 27001:2022 certification. It has executed more than 103 projects over the last decade with an aggregate order value of ₹1,234.72 crore.
Business Operations
SRIT India Limited operates through multiple technology-focused business verticals.
- Healthcare Technology: The company develops and manages digital technology solutions for healthcare organisations and public healthcare systems.
- Electronic Governance: SRIT India provides technology platforms that support government administration, citizen services, licensing, information management and other e-governance requirements.
- Telecommunications & Broadband: The company provides technology and systems integration solutions for telecommunications and broadband-related requirements.
- Application Engineering: The company develops bespoke software applications and digital platforms designed around customer-specific requirements.
- Systems Integration: SRIT India integrates technology systems and applications to support complex business and government operations.
- Managed Services: The company provides ongoing support, maintenance and administration of technology platforms after implementation.
Industry Overview
India’s IT and IT-enabled services industry continues to expand with increasing digitalisation across government organisations, enterprises and public-service delivery. Demand for cloud-enabled platforms, automation, data management, cybersecurity, artificial intelligence and digital public infrastructure is supporting technology spending.
The government segment remains an important market for companies providing e-governance and digital transformation solutions. At the same time, the industry is competitive and requires continuous investment in technology, skilled employees and service capabilities.
Business Strategy
SRIT India Limited focuses on strengthening its technology capabilities, modernising existing products, expanding its project portfolio and increasing its presence across key markets.
The company intends to modernise and redevelop existing products, improve technology infrastructure, strengthen its skilled workforce and pursue inorganic growth opportunities. It also aims to expand its customer base and participate in larger digital transformation and systems integration projects.
SRIT India IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency, and financial stability. Reviewing financial statements over multiple years helps investors understand how the business has expanded and how effectively it has generated earnings from its operations.
SRIT India Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹271.09 Crore | ₹389.35 Crore | ₹450.00 Crore |
| Total Income | ₹282.22 Crore | ₹400.50 Crore | ₹462.54 Crore |
| EBITDA | ₹40.99 Crore | ₹49.81 Crore | ₹64.77 Crore |
| Profit Before Tax (PBT) | ₹38.34 Crore | ₹46.19 Crore | ₹54.95 Crore |
| Profit After Tax (PAT) | ₹29.08 Crore | ₹33.60 Crore | ₹43.29 Crore |
| Total Assets | ₹428.96 Crore | ₹496.64 Crore | ₹614.16 Crore |
| Net Worth | ₹80.47 Crore | ₹93.17 Crore | ₹193.27 Crore |
| Total Borrowings | ₹22.28 Crore | ₹51.30 Crore | ₹36.15 Crore |
SRIT India reported growth in revenue and profitability during FY2024 to FY2026. Revenue from operations increased from ₹271.09 crore in FY2024 to ₹450.00 crore in FY2026, while PAT increased from ₹29.08 crore to ₹43.29 crore over the same period.
Total assets increased to ₹614.16 crore in FY2026. Net worth also increased substantially, while total borrowings stood at ₹36.15 crore. The company reported a debt-to-equity ratio of 0.23 in FY2026.
SRIT India IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s profitability, operational efficiency, financial strength, and capital utilisation. These financial ratios provide additional insights into the company’s overall business performance.
| KPI | FY2026 |
|---|---|
| Return on Equity (ROE) | 30.23% |
| Return on Capital Employed (ROCE) | 28.79% |
| Return on Net Worth (RONW) | 30.23% |
| EBITDA Margin | 14.39% |
| PAT Margin | 9.62% |
| Debt-to-Equity Ratio | 0.23 |
| Earnings Per Share (EPS) | ₹9.47 |
| Net Asset Value (NAV) Per Share | ₹40.71 |
The company’s FY2026 financial indicators show positive profitability and return ratios. The debt-to-equity ratio of 0.23 indicates that the company had relatively moderate leverage compared with its equity base. Investors should evaluate these indicators alongside revenue concentration, cash-flow performance, customer concentration and IPO valuation.
SRIT India IPO Valuation
| Particular | Value |
|---|---|
| EPS | ₹9.47 |
| NAV Per Share | ₹40.71 |
| Price Band | ₹123 to ₹130 |
| P/E at ₹123 | 12.99x |
| P/E at ₹130 | 13.73x |
The valuation figures are calculated using the FY2026 EPS of ₹9.47 and the IPO price band of ₹123 to ₹130 per share. Investors should compare the valuation with the company’s growth, profitability, peer valuations and business risks before making an investment decision.
Objects of the SRIT India IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Modernization and Redevelopment: ₹15.36 crore is proposed to be used for capital expenditure requirements towards modernization of existing products and redevelopment.
- Working Capital Requirements: ₹124 crore is proposed to be used for funding the company’s working capital requirements.
- Inorganic Growth: The company proposes to pursue unidentified acquisitions and other strategic initiatives.
- General Corporate Purposes: The balance proceeds may be used for general corporate purposes, subject to applicable regulations.
SRIT India IPO Listing Performance
The listing performance reflects how the company’s shares perform on the stock exchanges after the IPO. Since SRIT India shares have not yet commenced trading, listing performance figures are currently not available.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 6 October 2026 |
| Issue Price | ₹130 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing performance will be available after the company’s shares commence trading on the stock exchanges.
SRIT India IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. The SRIT India IPO is scheduled to open on 28 September 2026 and subscription data will become available after bidding begins.
SRIT India IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated, if applicable |
| Total Subscription | To be updated |
The final subscription figures will be available after the IPO closes. They will provide an indication of investor participation across various categories.
SRIT India IPO Review
SRIT India Limited is an established IT and IT-enabled services company with more than two decades of operating experience. The company provides digital transformation and systems integration solutions across healthcare, electronic governance, and telecommunications and broadband.
The company has demonstrated growth in revenue and profitability, with revenue from operations increasing from ₹271.09 crore in FY2024 to ₹450 crore in FY2026. PAT also increased from ₹29.08 crore to ₹43.29 crore during the same period.
A key feature of the company is its order book. As of June 30, 2026, its outstanding order book was reported at approximately ₹1,204.72 crore, providing visibility for future project execution. The company has also executed more than 103 projects over the last decade across multiple sectors and geographies.
However, investors should also consider the company’s dependence on government customers. Government entities contributed approximately 89.41% of FY2026 revenue, while the top 10 customers accounted for around 89.36% of total revenue. The company also relies significantly on subcontractors for project execution.
Operating cash flow was negative in FY2026, reflecting working-capital requirements associated with government contracts, contract assets and receivables. Investors should therefore assess the company’s cash-flow conversion along with its reported profitability.
Overall, SRIT India operates in the growing digital transformation and technology services sector, but investors should carefully evaluate customer concentration, government dependence, subcontracting, working-capital requirements, employee attrition, valuation and execution risks before making an investment decision.
SRIT India IPO Strengths
- Established Track Record: The company has more than two decades of experience in digital transformation and systems integration.
- Diverse Order Book: SRIT India has an order book spread across healthcare, electronic governance, telecommunications and broadband and multiple customer locations.
- Technology Capabilities: The company has CMMI Level 5 appraisal and ISO/IEC 27001:2022 certification supporting its technology and information-security capabilities.
- Revenue and Profit Growth: Revenue from operations and PAT increased between FY2024 and FY2026.
- Experienced Management: The promoters and senior management team have experience across technology, healthcare, telecom and e-governance projects.
- Multiple Geographic Markets: The company serves customers across India and selected international markets.
SRIT India IPO Risk Factors
- High Government Dependence: A significant portion of the company’s revenue is generated from government entities, making the business sensitive to government spending, policies and tender activity.
- Customer Concentration: A substantial proportion of revenue is generated from a limited number of customers, including the company’s top 10 customers.
- Subcontracting Dependence: The company uses subcontractors for a significant portion of project execution, which may affect project control and margins.
- Negative Operating Cash Flow: Operating cash flow was negative in FY2026, partly due to working-capital requirements and milestone-based billing.
- Employee Attrition: The technology business depends on skilled employees, and higher employee attrition may affect project execution and operating costs.
- Competitive Industry: The company operates in a competitive IT and digital transformation industry requiring continuous investment in technology and skilled manpower.
SRIT India IPO Promoters
SRIT India Limited has three promoters: Dr. Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko. The promoters have experience in technology, healthcare, telecommunications, digital transformation and related business sectors.
SRIT India IPO Promoters Details
| Promoter | Designation |
|---|---|
| Dr. Nambiar Raghavan Madhusoodan | Promoter |
| Prasaktha Vakkiyl Nambiar | Promoter |
| Martin Poovakkulam Chacko | Promoter |
SRIT India IPO Management Team
The company is led by a management team with experience in information technology, digital transformation, healthcare technology, telecommunications, business operations and corporate governance. The leadership team focuses on project execution, technology development, customer relationships and business expansion.
SRIT India IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds, and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | https://www.kfintech.com |
| IPO Allotment Status | KFin Technologies IPO Allotment Portal |
| Email ID | [email protected] |
| Contact Number | +91 22 4962 0037 |
The DRHP identifies KFin Technologies Limited as the registrar to the issue.
SRIT India IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance, and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | Choice Capital Advisors Private Limited |
| Contact Persons | Nimisha Joshi / Anuj Killa |
| Email ID | [email protected] |
| Contact Number | +91 22 6706 9999 (7919) |
Choice Capital Advisors Private Limited is identified as the Book Running Lead Manager in the company’s DRHP.
SRIT India Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | SRIT India Limited |
| Registered Office | SRIT House, #113/1B, ITPL Main Road, Kundalahalli, Bengaluru – 560037, Karnataka |
| Website | https://www.sritindia.com |
| Email ID | [email protected] |
| Contact Number | +91 80 4195 1999 |
| Contact Person | Nidhi Hitesh Vaswani |
The company’s official investor page confirms its registered office, website, investor contact information and telephone numbers.
How to Check SRIT India IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through KFin Technologies Limited
- Visit the official KFin Technologies IPO allotment portal.
- Select SRIT India IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select SRIT India IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
SRIT India IPO Conclusion
SRIT India IPO provides investors with an opportunity to participate in the public issue of an established IT and IT-enabled services company operating across healthcare, electronic governance, and telecommunications and broadband.
The company has reported growth in revenue and profitability, supported by a sizeable order book and experience in executing digital transformation and systems integration projects. Its technology credentials and presence across government and enterprise projects are important aspects of its business profile.
At the same time, investors should consider the company’s high dependence on government customers, concentration among major customers, reliance on subcontractors, working-capital requirements and negative operating cash flow reported in FY2026.
A detailed assessment of the company’s financial performance, IPO valuation, order book, customer concentration, business strategy, industry outlook and risk factors can help investors evaluate the SRIT India IPO according to their own investment objectives.
SRIT India IPO FAQs
What is SRIT India IPO?
SRIT India IPO is the Mainboard public issue of SRIT India Limited. The IPO comprises a fresh issue of up to 1.68 crore equity shares and is proposed to be listed on BSE and NSE.
What is the price band of SRIT India IPO?
The SRIT India IPO price band is ₹123 to ₹130 per equity share.
What is the issue size of SRIT India IPO?
The total issue size of SRIT India IPO is ₹218.40 crore and the issue consists entirely of a fresh issue.
When will SRIT India IPO open?
The SRIT India IPO will open for subscription on 28 September 2026.
When will SRIT India IPO close?
The IPO will close for subscription on 30 September 2026.
What is the lot size of SRIT India IPO?
The minimum lot size is 115 equity shares. At the upper price band of ₹130, the minimum retail investment is ₹14,950.
On which stock exchanges will SRIT India shares be listed?
The company’s equity shares are proposed to be listed on both BSE and NSE.
Who is the registrar for SRIT India IPO?
KFin Technologies Limited is the registrar to the SRIT India IPO.
What is the face value of SRIT India IPO shares?
The face value of each equity share is ₹5.
What does SRIT India Limited do?
SRIT India Limited is an IT and IT-enabled services company providing digital transformation, application engineering, systems integration and technology solutions across healthcare, electronic governance, telecommunications and broadband.
